Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
During the period of pregnancy, many female employees lose their jobs. As per the recent Telegraph r...
Tamil Nadu Chief Minister MK Stalin has announced the hike in the Dearness Allowance DA by perce...
According to various media reports, Indias largest IT Services Provider, Tata Consultancy Ser...
The world’s largest fantasy sports platform, Dream11 has announced to fine employees Rs 1 lakh for disturbing Co-workers on Leave’. As reports indicate that Dream11’s co-founders Harsh Jain and Bhavit Seth have warned workers that they will be charged a fee of about Rs. 1 lakh if they contact coworkers during the “UNPLUG” time. What is […]
According to The Economic Times reports, Govt asks the TATA group-owned, Air India to deduct employees’ salaries for overstaying in Delhi’s Vasant Vihar colony. The airline staffer residing in Vasant Vihar said they would amount to around Rs 95,000 per month. The Airline management has been instructed to deduct the amount, starting from October, from […]
Business Today’s analysis shows the IT industry CEOs’ salaries increased by 1,500% while freshers’ salaries up only 50% in the last 10 years. Business Today’s actual analysis is in contrast to the CEO compensation, which has increased by a staggering 1,492.27 percent over the last ten years. However, freshers’ incomes have increased by just 46.94 […]
Jammu and Kashmir lieutenant governor (LG) Manoj Sinha has said to the protesting Kashmiri Pandit that the employees posting in the Kashmir Valley to return to work. Additionally, a warning has been given to them that they would not be paid salaries for “sitting at home”. The protests began after Rahul Bhat, a Kashmiri Pandit, was […]
A leading provider of digital transformation, consulting, and business re-engineering solutions, Tech Mahindra has announced the allotment of shares worth Rs 7,58,450 as employee stock options through an exchange filing. 1,51,690 equity shares worth Rs 5 each will be divided under 2 schemes- ESOP 2014 and ESOP 2018. The total number of shares issued after […]
According to Timesnownews, IT major, Cognizant India has spent $130 million (over Rs 1000 crore) in the year for merit-based and off-cycle increments. Cognizant conveyed to its employees that “formal eLetters” with the new salary with the hikes taking effect from October for levels up to the associate director. The company had rolled out a […]
An American multinational technology conglomerate, Meta to reduce cost, is reportedly planning to cut employee benefits that cover mental health costs and “work-life balance needs.” As per reports, The company is slashing its “Life@ benefit” funds from $3,000 (Rs 2.43 lakh) to $2,000 (Rs 1.65 lakh) in 2023. This is due to poor macroeconomic conditions as […]
TCS has administered a 100% variable pay scheme.
Capgemini has announced the significant success of its ninth Employee Share Ownership Plan (ESOP) with an employee subscription rate of 128%. For Aiman Ezzat, Chief Executive Officer of the Capgemini Group: “As a strategic business and technology partner of large companies and organizations, the Group continues to record strong momentum.” “With 50,000 employees subscribing, the sheer scale of this plan […]
India’s 1st, all-in-one comprehensive corporate cards & payments platform, EnKash has launched an industry-first incentive program called the “Attitude Bonus”. This program will provide an opportunity for employees with higher packages for demonstrating ownership and driving a larger impact. Naveen Bindal, Co-Founder, EnKash said, “A company’s team is one of its deal-breaking elements. While skills and […]
Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple locations found as part of a U.S. Department of Labor investigation. On Nov. 7, 2022, the department filed a complaint listing the violations and a consent order defining the settlement in […]
An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for three months. Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher […]
